FAQs

No. Not being registered for GST does not prevent an enterprise from applying for funding.

Where an application has been rejected by a bank, operators may apply for lite doc or without financials funding through commercial brokers and specialist non-bank lenders.

There are lenders that do approve commercial lending based on strong turnover for a 6 month period.

Yes. An online credit calculator as provided by banks, non-bank lenders and brokers can be used to calculate funding estimates.

Yes. Without financials is a description of the application not a specific credit facility. Without financials applicants can realise all appropriate tax benefits from their choice of credit facility.

Yes. Utes, cab chassis and other vehicles to be used in the commercial operation may be purchased using lite doc funding.

If CHP or Chattel Mortgage is selected for lite doc funding, a balloon is an optional inclusion.

All types of equipment that will be used in a commercial entity, plant and machinery, all types of vehicles and all grades of trucks can be financed with lite doc funds.

Leasing is one of several credit products available for without financials heavy vehicle funding. Chattel Mortgage, Rent-to-Own and CHP are also available.

To apply for funding without financials, applicants will need an ABN and whatever accounts and trading data they have available. This may be as little as 6 months’ worth of turnover figures.

All enterprises with an ABN are entitled to apply for commercial funding including for lite doc funds. Additional security and/or personal financials may be assessed with the application for sole traders.

Where an enterprise does not have all the documentation that is requested in lending application forms, they are referred to as requiring lite doc funding.